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Prime Bank participates in BB's SME Fair

2010-11-29 00:00:00

FE Report Prime Bank Limited participated in the SME Fair titled 'Assembly of Women Entrepreneurs and Product Display' organised by Bangladesh Bank (BB) on the BB Training Institute premises in the city Saturday, according to a press release.State Minister for...

BP sells 60pc stake in Pan American Energy to Bridas Corp for $7.1b

2010-11-29 00:00:00

LONDON, Nov 28 (Bloomberg): BP Plc, seeking to cover clean-up costs in the Gulf of Mexico, said it has entered into an agreement to sell its 60 per cent interest in Pan American Energy to Argentina-based oil and gas company...

New DMD of BDBL

2010-11-29 00:00:00

Ms Karabi Mujib has recently joined Bangladesh Development Bank Ltd (BDBL) as deputy managing director (DMD), said a press release.Prior to joining the new assignment she was general manager of Ansar-VDP Development Bank. Ms Karabi obtained her Master's degree with...

IPO diary

2010-11-29 00:00:00

BRAC Bank 25% Subordinated Convertible BondsOpening date for subscriptionDecember 5Closing date for subscriptionDecember 9For Non-Resident Bangladeshi Quota, subscription closes on: December 18, 2010Issuer:BRAC Bank LimitedPurpose:To raise Tier 2 Capital (subject to regulatory approval) and undertake normal commercial banking activities with...

Deep-seaport well before deadline

2010-11-29 00:00:00

FE ReportThe country would be able to see the long awaited deep-seaport at Sonadia in Moheshkhali by 2016, four years before the deadline for the first-phase work's completion was targeted, shipping minister Shahjahan Khan said.The first-phase work of the port...

Act to establish deep-seaport authority soon

2010-11-29 00:00:00

Nazmul AhsanThe government has plans to adopt an act soon to facilitate the creation of a deep-seaport authority for the proposed deep-seaport at Sonadia, Cox's bazaar.The deep-seaport, to be designed as a regional port, would help minimize the transportation cost...

Dhaka stocks drop on rumour of netting facility suspension

2010-11-29 00:00:00

FE ReportDhaka stocks dropped Sunday after three consecutive sessions of gain amid rumour that the netting facility might be suspended. The market opened positively, but after one hour it began to decline amid widespread rumour that the securities regulator might...

PM seeks Japanese assistance for Padma Bridge construction

2010-11-29 00:00:00

TOKYO, Nov 28 (BSS): Prime Minister Sheikh Hasina today sought increased Japanese assistance for the socio-economic uplift of Bangladesh especially for construction of the much needed Padma Bridge. She sought the cooperation when a delegation of Friends of Bangladesh led...

HC wants reports on soybean oil import, its price

2010-11-29 00:00:00

The High Court asked on Sunday the Controller of Import and Export and the Chittagong Port authorities to submit within four weeks a comprehensive report on how much edible soybean oil was imported in last six months and at what...

Khaleda's cantt house hearing today

2010-11-29 00:00:00

The Appellate Division of the Supreme Court hears today (Monday) the petitions filed by BNP chairperson Khaleda Zia seeking leave to appeal against the High Court ruling that had declared valid the government notice asking her to vacate the Dhaka...

Public views on draft coal policy under review

2010-11-29 00:00:00

M Azizur RahmanThe government has started reviewing comments on the draft of the national coal policy for its immediate finalisation paving the way for utilising the country's huge coal reserves for future energy security, officials said Sunday.The energy ministry had...

Workers’ agitation causes closure of RMG unit

2010-11-29 00:00:00

A Korean readymade garments factory at Export Processing Zone (EPZ) in Savar declared Sunday a temporary shut-down following workers' agitation, reports bdnews24.com. Actor Sporting Limited at Export Processing Zone (EPZ), Ashulia, Savar put the closure notice on the factory's main...

Cancun climate talks begin today

2010-11-29 00:00:00

Negotiators should begin UN climate talks with far more urgency and resolve, following a year of weather-related disasters, record temperatures, flooding and rising sea-levels, international agency Oxfam said Sunday,reports UNB.Weather-related disasters have devastated the lives and livelihoods of poor people...

One dies in gunfight with RAB

2010-11-29 00:00:00

One biker has been killed in a 'shoot-out' with the Rapid Action Battalion (RAB) in the capital's Gulshan area. The deceased, 30, who could not be identified, was killed by the elite force early Sunday, when he along with his...

US Dy Asstt Secy of State in city

2010-11-29 00:00:00

The US Deputy Assistant Secretary of State for South and Central Asian Affairs, Alyssa Ayres arrived in Dhaka on Sunday on a five-day visit for meetings with senior Bangladesh government officials, political leaders, civil society groups, entrepreneurs and the media....

Madhyapara miners continue strike

2010-11-29 00:00:00

DINAJPUR, Nov 28: Miners of Madhyapara Granite Mining Company Ltd. (MGMCL) in Parbotipur upazila continued their strike for an indefinite period, for the second consecutive day Sunday. The miners started the strike Saturday, protesting the termination of five miners and...

weather

2010-11-29 00:00:00

Weather is likely to remain dry with temporary partly cloudy sky over many places of Dhaka, Rajshahi, Barisal, Chittagong and Sylhet divisions and at a few places over Khulna division today (Monday).Light fog may occur over the river basins of...

Small savers' case puts govt in dilemma

2010-11-29 00:00:00

Doulot Akter Mala The government is in a dilemma over revising the rules of savings instruments, fearing any change "at this moment" will create resentment among small savers who have already en-cashed their investment.Finance minister AMA Muhith recently sent back...

Launch strike at Sadarghat, thousands suffer

2010-11-29 00:00:00

FE ReportOwners have suspended operation of watervessels at Sadarghat Launch Terminal in the city Sunday after ghat (station) workers assaulted a senior launch employee, causing immense sufferings to the passengers.Terminal sources said the ghat workers thrashed Faruk Hossain, manager of...

10 banks hike deposit rate in Nov

2010-11-29 00:00:00

FE Report At least 10 commercial banks raised interest rates on deposits this month, although lending rate remained almost unchanged, officials said. "Many other banks may also increase deposit rates in the upcoming months to meet growing demand for cash,"...

Woman entrepreneurs utilising SME loans more in trading

2010-11-29 00:00:00

FE ReportA recent evaluation has shown that woman entrepreneurs are utilising SME (Small and Medium Enterprise) loans more in trading, compared to manufacturing and service sectors.Statistics has revealed that 49 per cent of the total 1492 enterprises are businesses and...

CSE signs deal to execute new trading system

2010-11-29 00:00:00

FE ReportChittagong Stock Exchange (CSE) Sunday signed a contract with Millennium IT Software Ltd and Polaris Software Lab Ltd for implementing its Next Generation Web Based Trading System (NGTS) at the CSE conference hall.CSE President Fakhor Uddin Ali Ahmed said...

$65m spot orders received in BATEXPO

2010-11-29 00:00:00

FE Report The country's garment makers got spot orders worth US$ 65 million during the 21st Bangladesh Apparel and Textile Exposition (BATEXPO) that concluded Saturday last in the city.BGMEA president Abdus Salam Murshedy disclosed this Sunday at a press conference...

Inflation, monetary policy and unemployment

2010-11-28 00:00:00

M. Azizur RahmanBangladesh has been suffering from a sort of economic growth stagnation with its GDP growing between 5.0 and 6.8 per cent for the last several years. At this moment, we need to adopt an expansionary economic policy so...

Rising mobile phone consumer expectations driving demand for more novel features

2010-11-28 00:00:00

Ahsen Javed In 2010, the number of mobile phone subscriptions is expected to reach five billion globally. The outlook for telecommunications providers is dynamic, but far from certain.Growing competition from non-traditional providers, rapidly rising demand for network bandwidth and consumer...

Strengthening global economy tops APEC, G20 agendas

2010-11-28 00:00:00

Merle David Kellerhals Jr. in WashingtonFostering global economic growth through the Group of 20 (G20) advanced economies is fundamental to a lasting recovery at home, says a senior Obama administration official.Economic policy figure strongly in President Obama's final two stops...

India's Ambani shows off ‘world’s priciest home’

2010-11-28 00:00:00

MUMBAI, Nov 27 (AFP): Indian billionaire Mukesh Ambani has hosted a lavish housewarming party to show off his just-completed new skyscraper residence, believed to be the world's most expensive private home.Some 80 of India's rich and famous attended the party...

Sunday

2010-11-28 00:00:00

BTVam07:00 Announcement, The Holy Quran, The Holy Tripitak Paath and Programme Outline 07:20 Geet Mallay07:45 Chir Shilper Bari08:00 Sakaler Sangbad08:30 Maati-O-Manush08:55 Sangbad Shironam09:00 Docu- Fire Dekha09:10 Baithok Khana09:35 Mone Pore10:00 News10:05 Muktijuddha Pratidin10:30 Sustho thakun11:05 Progotir Pathe11:30 Natun Sure Natun...

Bangladesh earns the first-ever Asian Games gold medal

2010-11-28 00:00:00

CRICKETERS earned the country the first-ever Asian Games gold medal in the final Twenty20 match played against Afghanistan in the Chinese city of Guangzhou last Friday. This paper congratulates them on their historic success in fulfilling the long-cherished dream of...

Tough terms for new power connections

2010-11-28 00:00:00

Shahiduzzaman KhanAFTER a break of nearly eight months, the government is scheduled to start giving new electricity connections to the consumers. But the conditions set for getting new connections are so rigid that consumers can hardly meet those. To get...